License expires Sep 2026
ASAK REAL ESTATE DEVELOPMENT L.L.C
License #1234969 · Registered 2024 · 50% avg completion
01Developer verdict
CONDITIONAL BUY
1 completed, 1 under construction. Verify delivery history before committing. Average yield 7.8%. Best performer: AL SERH RESIDENCES 11 BY ASAK REAL ESTATE DEVELOPMENT (#554). License renewal due Sep 2026 — verify before committing to under-construction projects.
Top projects by rank: AL SERH RESIDENCES 11 BY ASAK REAL ESTATE DEVELOPMENT (#554)
02Key numbers
Total projects
2
DLD registered
Completed
1
50% done
Under construction
1
in progress
Avg yield
7.8%
on par / above
Sales (12m)
87
transactions
Rent contracts (12m)
43
strong demand
Occupancy
20%
43 / 210 units
03Portfolio breakdown
2
projects
Completed1
Under construction1
Pending0
Recent completion track record
AL SERH RESIDENCES 11 BY ASAK REAL ESTATE DEVELOPMENTfinished
Golf Terrace Residences By ASAKin progress
04Risk assessment
caution
License expires before handover
License #1234969 expires Sep 2026, while several projects have handover dates in 2026–2028. Verify renewal plan before buying under-construction units.
05Project portfolio — top performers
| Project | Rank | Yield | Growth | Total | AED/m² | |
|---|---|---|---|---|---|---|
| AL SERH RESIDENCES 11 BY ASAK REAL ESTATE DEVELOPMENTfinishedAl Barsha South Fourth | #554 | 7.9% | — | — | 16.302 | Analyze project → |
| Golf Terrace Residences By ASAKactiveMe'Aisem First | — | — | — | — | 8.557 | Analyze project → |
06Before you buy from this developer
critical
Verify license renewal plan
License #1234969 expires Sep 2026. Confirm renewal status before any commitment on active/pending projects.
verify
Check escrow account status
Verify financial guarantees and milestone payment structure for under-construction projects. Confirm funds are in RERA-regulated escrow.
verify
Confirm construction schedule
For active projects: verify current construction progress vs stated completion percentage. Request latest project timeline from developer.
context
Overall risk: MEDIUM
ASAK REAL ESTATE DEVELOPMENT L.L.C has 1 completed projects. Completed projects carry lower developer risk than off-plan.
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